March 26 (Reuters) - DuPont Co will pay Monsanto Co
at least $1.75 billion in a new licensing deal and both
companies have agreed to dissolve their bitter legal battles
over rights to technology for genetically modified seeds, the
world's top seed companies said on Tuesday.

The companies agreed to drop antitrust and patent claims
against each other while forging the new collaboration, and
agreed to toss out a $1 billion jury verdict DuPont was ordered
to pay Monsanto last August.

Separately, DuPont will make at least $1.75 billion in
royalty payments over several years in exchange for broad access
to Monsanto's leading genetic technology for the development of
new agricultural seed products.